Depreciation u/s 32

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There has been opening WDV in the block of Assets (Plant and Machinery) in the Previous Year.In that block only one machinery exist. During the Previous Year Machinery has been sold (used for more than 180 days) and  after.somedays purchased a new machinery (used less than 180 days)

How will the Depreciation be calculated , for simplicity suppose the figures are "

Opening WDV = 425000

Sales              = 320000 ( 03.10.2013)

Purchases      = 400000 (8.10.2013)

What will be Depreciaton charged as per Income tax Act 

Replies (4)
dep. will be calculated @ 15% on (425000-320000+400000).
dep to be halved because new asset put to use for less than 180 days.
So depreciation will be on closing wdv and @ half the rate ......
Thanks ..but Can u support the ans with any case laws or any provision of the act .....


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